NovelStem International Corp. financial statements
Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data NovelStem International Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2009
FY2011
FY2011
FY2012
FY2022
FY2022
FY2023
FY2024
FY2025
Revenue
4.52
4
1.07
0.62
Selling, general and administrative
4.34
3.68
2.78
2.85
General and administrative
0.5
0.74
0.67
0.88
0.24
Operating expenses
0.5
0.43
3.54
0.94
0.24
Operating income
-8.01
-7.66
-5.81
-5.7
-0.5
-0.42
-3.53
-0.93
-0.24
Interest expense
0.01
0.01
0.1
0.43
0.04
Other non-operating income
-0.04
0.01
2.03
2.07
-0.01
-0.36
-0.52
2.61
Pre-tax income
-6.94
-4.41
-0.5
-0.43
-3.88
-1.44
2.37
Income tax
-0.08
0.28
0.13
-5.82
Income from continuing operations
-10.9
-7.11
-7.07
0.92
Net income to minority interests
-0
-0.05
0.09
Net income
-5.62
4.91
-6.86
10.4
-1.35
-0.77
-4.19
-3.23
2.38
EBITDA
-7.26
-7.12
-5.61
-5.57
EPS, basic
-0.18
0.16
-0.28
0.45
-0.03
-0.02
-0.09
-0.07
0.05
EPS, diluted
-0.18
0.16
-0.28
0.45
-0.03
-0.02
-0.09
-0.07
0.05
Shares, basic (weighted)
24.4
23.2
44.3
46.9
46.9
46.9
46.9
Shares, diluted (weighted)
24.4
23.2
44.3
46.9
46.9
46.9
47.8
Balance sheet
FY2009
FY2011
FY2011
FY2012
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
8.37
29.4
3.68
11.4
0.01
0.01
0.05
0.01
0
Receivables
0.47
0.23
0.01
0.01
Other current assets
1.06
0.32
0.33
0.03
0.04
0.03
0.02
0.02
Total current assets
31.3
5.52
13.6
0.04
0.06
0.09
0.03
0.02
Property, plant and equipment
0.46
0.28
0.24
Goodwill
14.6
9.8
6.2
Intangible assets
0.01
0.02
0.01
Other non-current assets
0.02
0.06
0.73
Total assets
47.3
18.2
26.6
2.61
2.29
2.25
0.16
0.02
Accounts payable
0.8
0.39
0.41
0.05
0.02
0.05
0.17
0.22
Accrued liabilities
0.04
0.04
0.04
0.07
0.04
Deferred revenue
0.98
0.26
0.11
Short-term debt
4.06
1.3
Total current liabilities
9.3
2.45
1.58
0.19
0.06
0.35
5.3
2.16
Long-term debt
0.29
3.32
Total liabilities
9.57
3.65
1.66
0.19
0.35
4.21
5.3
2.16
Total debt
4.06
1.3
Paid-in capital
310
294
294
290
291
291
291
292
Retained earnings
-272
-279
-269
-288
-289
-293
-296
-294
Treasury stock
-0.2
-0.2
-0.2
-0.2
-0.2
Shareholders' equity
32.5
37.8
14.6
25
2.42
1.93
-1.95
-5.14
-2.14
Minority interests
-0.05
Total equity
32.5
37.8
14.6
25
2.42
1.93
-1.95
-5.14
-2.14
Total liabilities and equity
47.3
18.2
26.6
2.61
2.29
2.25
0.16
0.02
Shares outstanding
31.2
23.2
23.2
46.9
46.9
46.9
46.9
46.9
Cash flow statement
FY2009
FY2011
FY2011
FY2012
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
-5.62
4.86
-6.78
10.4
-1.35
-0.77
-4.19
-3.23
2.38
Depreciation and amortization
0.74
0.54
0.2
0.14
Stock-based compensation
0.27
0.28
0.3
0.04
0.01
Change in receivables
-0.17
-0.14
0.11
0.01
-0.01
0.01
Change in payables
0.43
-0.43
-0.5
0.03
0.02
-0.03
0.03
0.11
0.05
Cash from operations
3.96
3.93
-2.6
-3.92
-0.18
-0.18
-0.35
-0.27
-0.17
Capital expenditures
-0.1
-0.14
-0.09
-0.08
Cash from investing
-0.72
17.3
-6.63
11.7
-0.25
-0.25
Debt issued
0.28
0.4
Debt repaid
-0.25
-0.25
Share buybacks
-16.4
Cash from financing
-0.28
-0.16
-16.5
-0.05
0.1
0.18
0.65
0.48
0.16
Net change in cash
2.96
21
-25.7
7.7
-0.08
-0
0.05
-0.05
-0.01
Free cash flow
3.86
3.79
-2.69
-4
Interest paid
0.04
0.03
0.02
0.01
0
0.01
0
0
0
Income taxes paid
0.02
0.02
0.13
0.07
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $0.01 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-475.5%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-90.1%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-81.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
1.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
0.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.03x
Current assets / current liabilities.
Quick ratio
0.03x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.03x
(Cash + short-term investments) / current liabilities.
Debt / assets
2,105.0%
Total debt / total assets.
Liabilities / assets
3,242.0%
Total liabilities / total assets.
Net debt
$1.3M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
-$0.00
Cash from operations / diluted weighted shares.
Book value per share
-$0.04
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
Earnings yield
-65.6%
Net income / market cap (the inverse of P/E).
Was NovelStem International Corp. profitable in fiscal 2025?
Yes. Net income was $2.4M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.